Last week, the Australian Dollar made a new top, as we forecasted, breaking the resistance level that we highlighted. In the coming week, we expect the price to lose some momentum and pullback towards the liquidity pool that we highlighted on the chart, on what could turn out to be a complex consolidation pattern. Keep an eye on Thursday’s Australian Unemployment Rate as well as the Employment Change numbers, as it could cause some volatility for this pair. Trade with care.
Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
The pair is in an uptrend and trading against it, is not something a wise trader does!
financialflagship
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@KUROSHS, Who said that we will trade this pullback? We only highlighted the direction in which the market would move in the coming week, based per our methodology. If you didn't have the time, take a look at our related ideas and check the analysis history for this pair and see the thought process behind it, and why we are expecting this to happen...This move that we forecasted for this week is just something we expect to happen in order to continue the bullish momentum. It is not a trading signal!
Henry_Ross
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more is expected too well done and thanks for sharing